US STOCKS-Wall St dips as oil extends selloff
* Alphabet surpasses Apple as most valuable US company
* Michael Kors soars after profit bests estimates
* Yahoo, Chipotle to report after the close
* Indexes down: Dow 1.52 pct, S&P 1.38 pct, Nasdaq 1.20 pct (Adds details, comment, updates prices)
By Tanya Agrawal
Feb 2 (Reuters) - Wall Street was sharply lower on Tuesday as falling oil prices heightened concerns regarding the health of the global economy and investors sought safer investments.
Brent oil fell more than 5 percent, while U.S. crude briefly slid below $30 per barrel, as hopes for a deal between OPEC and Russia on output cuts faded.
Shares of Exxon fell 3 percent after the oil major reported its smallest quarterly profit in more than a decade. The stock weighed the most on the S&P energy index.
"We still haven't broken the correlation between oil and equities and we are yet to find a bottom in oil prices," said Jeff Carbone, co-founder of Cornerstone Financial Partners in Charlotte, North Carolina. Continuación...